Ashoka Buildcon Limited

NSEI:ASHOKA Stock Report

Market Cap: ₹64.9b

Ashoka Buildcon Valuation

Is ASHOKA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASHOKA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASHOKA (₹231.31) is trading above our estimate of fair value (₹94.83)

Significantly Below Fair Value: ASHOKA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASHOKA?

Key metric: As ASHOKA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASHOKA. This is calculated by dividing ASHOKA's market cap by their current earnings.
What is ASHOKA's PE Ratio?
PE Ratio6.8x
Earnings₹9.53b
Market Cap₹64.93b

Price to Earnings Ratio vs Peers

How does ASHOKA's PE Ratio compare to its peers?

The above table shows the PE ratio for ASHOKA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
WELENT Welspun Enterprises
18.3x13.4%₹62.6b
532811 Ahluwalia Contracts (India)
18.3x11.5%₹62.1b
533169 Man Infraconstruction
25.1xn/a₹67.8b
POWERMECH Power Mech Projects
29.2x50.9%₹79.8b
ASHOKA Ashoka Buildcon
6.8x-31.9%₹64.9b

Price-To-Earnings vs Peers: ASHOKA is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does ASHOKA's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$77.70m
533152 MBL Infrastructures
2.5xn/aUS$67.18m
ATLANTAA Atlantaa
2.4xn/aUS$48.21m
SKIL SKIL Infrastructure
0.1xn/aUS$14.30m
ASHOKA 6.8xIndustry Avg. 25.1xNo. of Companies23PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASHOKA is good value based on its Price-To-Earnings Ratio (6.8x) compared to the Indian Construction industry average (25.1x).

Price to Earnings Ratio vs Fair Ratio

What is ASHOKA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASHOKA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: ASHOKA is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASHOKA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹231.31
₹262.50
+13.5%
13.7%₹311.00₹210.00n/a8
Nov ’25₹245.58
₹247.50
+0.8%
11.4%₹283.00₹211.00n/a8
Oct ’25₹236.74
₹247.50
+4.5%
11.4%₹283.00₹211.00n/a8
Sep ’25₹233.50
₹247.50
+6.0%
11.4%₹283.00₹211.00n/a8
Aug ’25₹253.70
₹214.25
-15.5%
12.0%₹257.00₹161.00n/a8
Jul ’25₹227.87
₹206.56
-9.4%
15.8%₹257.00₹145.00n/a9
Jun ’25₹183.35
₹203.88
+11.2%
16.7%₹257.00₹145.00n/a8
May ’25₹174.80
₹200.88
+14.9%
15.1%₹257.00₹145.00n/a8
Apr ’25₹160.05
₹200.50
+25.3%
14.7%₹254.00₹145.00n/a8
Mar ’25₹186.85
₹200.50
+7.3%
14.7%₹254.00₹145.00n/a8
Feb ’25₹179.25
₹176.00
-1.8%
15.1%₹208.00₹138.00n/a7
Jan ’25₹136.90
₹166.00
+21.3%
10.3%₹191.00₹138.00n/a7
Dec ’24₹137.90
₹166.00
+20.4%
10.3%₹191.00₹138.00n/a7
Nov ’24₹127.60
₹128.57
+0.8%
25.7%₹189.00₹93.00₹245.587
Oct ’24₹122.35
₹118.71
-3.0%
18.6%₹155.00₹93.00₹236.747
Sep ’24₹102.25
₹118.71
+16.1%
18.6%₹155.00₹93.00₹233.507
Aug ’24₹98.75
₹117.33
+18.8%
19.5%₹155.00₹90.00₹253.709
Jul ’24₹79.85
₹112.63
+41.0%
17.5%₹146.00₹90.00₹227.878
Jun ’24₹78.15
₹114.56
+46.6%
16.9%₹146.00₹90.00₹183.359
May ’24₹87.85
₹120.43
+37.1%
13.6%₹141.00₹95.00₹174.807
Apr ’24₹74.00
₹120.43
+62.7%
13.6%₹141.00₹95.00₹160.057
Mar ’24₹74.50
₹113.30
+52.1%
16.6%₹141.00₹80.00₹186.8510
Feb ’24₹78.75
₹112.50
+42.9%
19.7%₹147.00₹80.00₹179.2510
Jan ’24₹89.65
₹116.45
+29.9%
21.1%₹156.00₹80.00₹136.9011
Dec ’23₹81.15
₹114.91
+41.6%
22.1%₹156.00₹80.00₹137.9011
Nov ’23₹74.40
₹120.55
+62.0%
24.1%₹165.00₹80.00₹127.6011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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